If There Is Perfect Certainty, a Competitive Firm Will Necessarily

question 38

Multiple Choice

If there is perfect certainty, a competitive firm will necessarily

• A)seek to maximize its immediate profits rather than long-run returns because otherwise it will go broke.
• B)maximize the ratio of the present value of its sales to the present value of its costs.
• C)equalize its profits in all periods.
• D)equalize its sales in all periods.
• E)None of the above.

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Definitions:

Civilian Labor Force

The sum of all civilian workers who are employed or actively seeking employment, excluding military personnel and those not seeking formal employment.

Women's Freedom

The rights and liberties that women have to live their lives with a sense of self-determination, equality, and independence from patriarchal constraints.

Employment

The state or condition of having a paid occupation; engaged in work especially for wages or salary.

Axis Powers

In World War II, the nations of Germany, Italy, and Japan.